Growth cycles in the global economy are incredibly important for commodities markets in general, and oil an gas prices in specific.
Barring a full global economic slowdown, gas and especially oil prices are likely to get stronger in the latter half of 2023.The oil and gas markets are currently in the throes of yet another downturn, with Brent crude down 34% from its May 2022 peak while U.S. Henry Hub natural gas has crashed 73% from the August 2022 peak. Energy stocks and crude oil futures have also come under pressure after the latest weekly U.S. data showed commercial crude inventories spikedAccording to the U.S.
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